Investing.com - System1 reported on Thursday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
System1 announced earnings per share of $-0.410 on revenue of $201M. Analysts polled by Investing.com anticipated EPS of $0.170 on revenue of $217.7M.
System1 shares are down 28.35% from the beginning of the year and are trading at $4.060 , down-from-52-week-high.
System1 follows other major Communication Services sector earnings this month
System1's report follows an earnings missed by Alphabet C on October 25, who reported EPS of $1.06 on revenue of $69.09B, compared to forecasts EPS of $1.28 on revenue of $71.34B.
Meta Platforms had missed expectations on October 26 with third quarter EPS of $1.64 on revenue of $27.71B, compared to forecast for EPS of $1.93 on revenue of $27.57B.
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